BEIJING, Aug. 30 (Xinhua) -- China is at the best time to invest abroad, according to a report released by the Academy of China Council for the Promotion of International Trade (CCPIT) on Wednesday.
According to the report, China has become a world power in terms of outbound direct investment (ODI). In the past 10 years, China’s ODI has grown at an average annual rate of 27.2 percent. Even in the context of rising protectionism, China's ODI still achieved high growth. From January to July, 2018, China's non-financial ODI totaled 65.27 billion U.S. dollars, up 14.1 percent year on year, much higher than the expected maximum growth of 10 percent in global ODI for 2018.
The data provided by CCPIT shows that by the end of January 2018, the number of the China-invested overseas enterprises reached 27,497.
From January to July in this year, China's ODI structure has become more and more optimized. According to the statistics, in this period, China's ODI mainly flew to manufacturing, mining, wholesale, retail, leasing and services. No investment went to the projects in the fields of real estate, sports and entertainment during the period, showing that China's ODI has become more rational and the investment risk has also declined, said Zhao Ping, director of CCPIT international trade research department. (Edited by Li Wenxin, liwenxin@xinhua.org)
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